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| AUGUST 10, 2012 |
- NOL widens loss, but APL makes first quarterly profit since Q4 2010
- Zim adds call at Da Chan Bay to its East Med Express eastbound service
- Court quashes union bid to block APM T Puerto Rico terminal construction
- Taiwan box volume hits 27-year high despite volatile world economy
- US west coast port June container volumes up 3pc with imports rising 4pc
- Depot workers stop hunger strike, end two-week action at MGF Logistique
- High costs and out-dated management hinder Chinese logistics development
- China launches ISO standard container shipping from Heilongjiang to Russia
- US Government canvasses views for freight rate index for agri-exports
- Aviation layoffs result from US forces withdrawing from Iraq, Afghanistan
- Oman Air's cargo handling delays at Muscat to increase over Eid holiday
- AMI brings four air cargo wholesale rate offices into Dallas HQ
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| AUGUST 9, 2012 |
- Boxship lay-ups surge year-on-year
- Capt. P.V.K. Mohan to grace MALA 2012 as Chief Guest, Pankaj Kumar as Guest of Honour
- JBS Academys Custom clearance course in Gandhidham on Aug. 11
- SCI takes delivery of AHTS vessel for offshore services segment
- Tips on preparation & attempting the exam under Regulation 8 of the CHALR 2004
- EEPC to hold India Show in Czech Republic
- Export curbs on sugar, wheat in pipeline
- India to assist Lanka in setting up SEZ for auto components
- Round-the-clock Customs operations at select Major Ports, airports from August-end
- CCEA may notify new SEZ norms by August-end
- INR turns weak on increased dollar inflow
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| AUGUST 9, 2012 |
- BrasFELS gets $950 million FPSO topsides contracts
- Bollinger appoints Skip Bowen as VP Government Relations
- EC plans aid for unemployed Spanish shipbuilding workers
- GulfMark's BAE newbuilds will be Green DP 2 design
- DNV students develop Arctic spill response concept
- Britain's oldest shipping company hauls down its flag
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| AUGUST 9, 2012 |
- Seattle Port Commissioners eye findings of SoDo arena analysis
- Freight transport index down during month of June
- Marcon brokers sale of tug SPARTAN SERVICE
- Everett port board oks sale of Riverside Business Park land
- Commerce Department releases June international trade report
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| AUGUST 9, 2012 |
- The storm continues for small ships
Casualties mount in the coastal tramp and shortsea sectors as rates reach unsustainable levels
- Petrobras tanker charters poised to break record
Brazil's thirst for fuel boosts state-run company's tanker chartering
- Nordic praises Orion Tanker pool as suezmax fleet profits
Suezmaxes secure access to cargoes they might otherwise have missed
- US crude oil imports edge towards 15-year low
Asia grows in stature as demand from traditional leading market stagnates
- North Europe's small recycling yards ride growth in demand for scrap
Regional owners send shortsea tonnage sailing off into the sunset
- Clausius Marine files for insolvency
Hamburg insurance broker was respected as an industry insider
- A tale of blood and oil
Greek crude imports highlight country's deepening economic woes
- Teekay Offshore weighs up FPSO sale offer from parent
Expansion on track, says Evensen
- Comment: Raise the Red Ensign
Despite this week's two bankruptcies, UK shipping is not yet on its knees
- Port of London hit by fall in crude oil volumes
Closure of Coryton oil refinery "a big blow", admits PLA chief executive
- Teekay LNG eyes further expansion
Strong result stems from joint venture acquisitions of Maersk gas carriers
- Small Greek owners bear the brunt of business failures
Petrofin flags new losses for niche players after 44 Greek firms shut down last year
- Commerzbank forecasts rise in risk provision
Bank consults its customers as it prepares to exit ship finance
- Sub-capesize bulker rates could lose $1,000 a day from failed grain crops
Drought in US and Black Sea region will see exports decrease and employment decline
- Mission not accomplished
A seasonal drop in pirate attacks does not mean that shipping can drop its guard
- Teekay Tankers pledges to find right revenue balance
Bruce Chan-led subsidiary embarks on managing expanded tanker fleet
- Teekay loss less than forecast
Parent company gears up for post-tanker era
- Cutbacks return Lloyd Fonds to half-year profit
Results released as VGF data shows sales of shipping funds grind to a halt
- UK shipping loses two leading players
Exclusive: Meridian Marine Management wound down as Stephenson Clarke is liquidated
- Too old to die?
As Stephenson Clarke calls in the liquidators after 280 years, it is a sad sign of the times
- India's electricity shutdown highlights growth in gasoil demand
Powercuts boost demand for generators in positive move for oil imports
- ABG takes on PSAI after landing India terminal concession
Business partners jostle for position in key emerging market
- China Shipping Group separates dry bulk fleet
One of China's top two owners streamlines business
- Fresh blitz on cargo safety
Ports team up with box lines in proactive approach to prevent accidents
- Somali pirate attacks halted in July
Monsoon season puts hijackings on hold but 191 seafarers remain captive
- Kenya serves its harshest sentence yet for piracy
Twenty-year term more in line with the Seychelles jurisdiction
- Southernpec challenges Zhenrong plan to buy StorageCo
Chinese state giants outline rival plans for oil storage terminals
- Eitzen Chemical hoping for financial salvation
Steering committee of bank lenders agree in principle to restructuring package
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| AUGUST 9, 2012 |
- German owners exposed by Clausius insolvency
GERMAN shipowners and KG funds could be facing painful losses because of non-performance of their hull and machinery cover, following a major marine insurance broker's plunge into insolvency
- OPEC warns on 2013
CITING considerable economic uncertainty ahead, OPEC today warned that its 2013 forecast for oil demand growth could face a 20% downward revision
- Studying double-hulls - two decades later
MARAD has proposed studying the green and economic effects of the IMO's double-hull tanker requirement - nearly two decades after the regime was imposed
- Pirate attacks hit 5-year nadir
NO PIRACY incidents have been reported off Somalia in the past month, the first time this has happened in five years, the IMB said
- Eitzen Chemical hails restructuring plan
EITZEN Chemical, the Oslo-listed chemical carrier group, said today it has agreed in principle with its lenders on restructuring
- Croatia's Tankerska Plovidba reverses losses
CROATIA'S bulker and tanker owner Tankerska Plovidba has reported a dramatic reversal in the first half of 2012, from last year's H1 results
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| AUGUST 9, 2012 |
- Greek Shipowner Euroseas Reports Loss
Greek container ship and bulk carrier owner Euroseas fell $1.4 million into the red in the second quarter as charter...
- Celadon Trucking Acquires USA Dry Van Assets
Celadon Trucking is purchasing a portion of the assets of USA Dry Van of McAllen, Texas, reinforcing its driver pool...
- Miami Gets Green Light to Expand FTZs
The U.S. Department of Commerce has accepted the application by the Port of Miami for a Foreign Trade Zone license,...
- Lufthansa Cargo Volume Down 10.5 Percent in July
Lufthansa Cargo carried 10.5 percent less freight in July than a year ago as it continued to slash capacity to...
- Marad to Study Impact of Double Hulls
The Maritime Administration is seeking a contractor to study the safety, economic and environmental impact of double hulls required on...
- US Trade Deficit Narrowed in June
Record exports and declining oil prices narrowed the U.S. trade deficit in June to its lowest level since 2010. ...
- USPS Pleads for Reform After $5.2 Billion Loss
The U.S. Postal Service warned Thursday that its loss of $5.2 billion in the third fiscal quarter, a 68 percent...
- Owner Wants MSC Flaminia Towed to Port
The owner of the fire-damaged container ship MSC Flaminia has complained about European nations' refusal to allow the fire-damaged ship...
- India Proposes Easing of Cabotage Law
India is planning to relax its cabotage law to allow foreign-owned and operated ships to carry cargo between the country's...
- Vessel Schedule Reliability Reaches Record High
Container ships arrived on schedule three-fourths of the time in the second quarter, setting a record for reliability, according to...
- Chinese Production Growth Hits Three-Year Low
Pressure intensified on the China to unleash stronger stimulus actions after industrial production growth in July fell to three-year low,...
- UK's Oldest Shipowner Liquidated
The UK's oldest shipowner, Stephenson Clarke Shipping, has gone into liquidation after more than 280 years in business. The...
- India Container Traffic Flat, Total Cargo Slips
Container throughput at major ports in India remained almost flat year-over-year from April through July, the first four months of...
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| AUGUST 9, 2012 |
- ISS appoints Martinoia as GM in Brazil
Inchcape Shipping Services (ISS), one of the world's leading providers of maritime services has announced that Capt Mariano Martinoia will serve as its new general ...
- Chiquita will use more third party carriers
Charlotte (NC)-based Chiquita Brands, which is a leader producer and shipper of fruit (mainly bananas) and salad produce is to further restructure its supply chain ...
- Fargo rolls out latest CYMAN
Leading UK software provider, Fargo Systems is set to launch its latest version of its container yard terminal management software, CYMAN, which has been enhanced ...
- Containers for sport
The use of shipping containers for non-cargo carrying activities is clear for all to see. In London's Olympic Park they are centre stage in that they have been ...
- JAXPORT welcomes Evergreen
The US, Florida port of JAXPORT has boosted its container business after its TraPac container terminal welcomed the first call by Taiwan ocean carrier Evergreen ...
- Business confidence in South Africa slumps
The South Africa Chamber of Commerce and Industry (SACCI) has revealed that its July business confidence index (BCI) fell sharply in July, declining by four percentage ...
- Boxship idle fleet set to grow
According to the latest data from Lloyd's List Intelligence [LLI] inactive containerships fell to 241 for 303,321TEU as at August 8 with the largest ship idled ...
- Rental utilisation levels to remain robust
At least that is what Philip Brewer, president and chief executive of the world's largest lessor of maritime containers is projecting. Announcing a firm set of ...
- Somali pirates on the back foot
Figures released from the International Maritime Bureau [IMO] show that no ship has been fired on, or boarding attempted, in the usually pirate-infested waters ...
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| AUGUST 9, 2012 |
- Ton Mile's 'tempest'
Siren from Spring City, Texas causes traffic jam at popular freight trading blog.
- Hercules splashes cash
Hercules Offshore has topped off its stake in Luxemburg-based rig operator Discovery Offshore.
- GLF puts pen to paper
GulfMark Offshore has firmed up an order to build a pair of platform-supply vessels (PSVs) at BAE Systems in the US.
- Sophocles sees trough
Eagle Bulk Shipping is waiting for charter rates to double before it redeploys tonnage on long term charters, according Sophocles Zoullas.
- TOO closes in on FPSO
Teekay Offshore Partners appears to be closing in on a deal to purchase a floating production, storage and offloading unit from Teekay Corp.
- TGP wins bumper deal
Teekay LNG has secured a bigger payday for one of its LNG tankers.
- Teekay LNG eyes more
Teekay LNG Partners is still in the hunt for new opportunities in the LNG business after feeling the full force of its recent expansion in the sector.
- Teekay Tankers a tad short
Teekay Tankers slipped to a small loss in the second quarter as earnings from its aframaxes fell away.
- Teekay tops the Street
Teekay Corp has turned in a smaller than expected second quarter loss at a time when it has been cutting its direct exposure to the weak tanker market.
- Grain drain for dry bulk
Unfavorable weather in the Black Sea is set to hurt grain shipments and further damage the dry-cargo market, RS Platou Markets says.
- GE rebounds
India's Great Eastern Shipping has posted improved second quarter earnings thanks to its booming offshore segment.
- First cut is the deepest
German finance house Lloyd Fonds says taking a knife to overheads is behind the Hamburg-based company posting a profit for the first half of 2012.
- Costs to hurt Modec
A rising repair bill has led Japanese FPSO specialist Modec to slice its half-year profit forecast.
- Subsea 7 piles it up
Subsea 7 has well over tripled its second quarter income following the sale of its stake in a joint venture.
- NOL splits opinion
NOL's second quarter report has divided opinion in the market.
- UK's oldest owner sinks
Tough times in the dry bulk market have led to the demise after 282 years of Stephenson Clarke, the UK's oldest shipowner.
- Hope for Eitzen Chem
Eitzen Chemical has penned a preliminary pact which promises to keep the lights on at the Oslo-listed owner for the next couple of years.
- ESEA dips to red
Euroseas is eyeing opportunities to add to its fleet in the next 12 months despite the "depressed" state of the market which saw it dip into the red in the second quarter.
- EGLE comes up short
Eagle Bulk Shipping of the US failed to shed the red in the second-quarter with results that fell short of Wall Street estimates.
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| AUGUST 9, 2012 |
- Trailer Bridge spending $9 million on containers
- INTTRA and CargoSphere partner on shipping network, rates
Alliance with NVO-focused CargoSphere is based on integrating ocean schedule and rate information and continues INTTRA's path towards partnership with software vendors in the ocean supply chain sphere
- PeopleNet launches iPad fleet management app
- Correction: Grand and New World slow Asia-Med EUM
- Report: U.S. loses market share in China despite export growth
- Thermo King deploys temperature control trailer platform
- Amazon will expand with as many as 18 new DCs
Web commerce giant signals intent to adjust to changing logistics dynamics with significant expansion of U.S. fulfillment facilities, as it continues on growth path following strong second quarter revenue
- Ocean schedule reliablity on the up in Q2
- Pennsylvania highlights benefits of deeper shipping channel
Federal, state, and local politicians highlight benefits for Philadelphia of dredging Delaware River, with a proposed terminal expansion contingent on taking the channel depth from 40 to 45 feet
- Typhoon slams eastern China
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| AUGUST 9, 2012 |
- Bunker prices stable in Fujairah
But Suez prices fall double digits.
- Crew to be questioned after bunker spill
Cargo ship collided with docking facility.
- Bunker prices hold steady across Europe
Rise in European bunker prices slows as markets stay quiet.
- OPEC revises global estimates
Japan's continued nuclear shutdown a factor in stronger global demand.
- Biofuel row divides US legislators
Armed Services Committee Chairman 'would support efforts' to scrap ban on purchasing alternative fuels.
- Dry bulk shipowner goes under
UK shipping company struggled in face of worst downturn.
- 'Fuel efficient' designs to dominate market
Focus is on finding designs that consume less fuel, says shipbuilder.
- CMA CGM's liquidity 'weak', says agency
Ratings agency will assess company's liquidity position over next three months.
- Asian bunker markets firm
Supplies of bunker fuels were fine at major Asian ports on Thursday.
- China fuel oil stocks decrease
Fuel oil inventories at Chinese storage terminals down 7.5% in the week ending August 8.
- Wilhelmsen posts 'record earnings' for Q2
Profit surged even as financial expenses increased partly due to bunker hedges expenses.
- SouthernPec in new pact for Titan's investment firm
JV to submit proposal to facilitate the continuation of Titan's storage terminal facilities.
- LNG newbuilds to use electric propulsion technology
A total 1,105 megawatts of power will be provided to the vessels, says GE.
- Bunker tanker builder reports higher profit
Expects to recognise gains from sale of bunker tankers in the second half of the year.
- Aegean seeks Spanish expansion
Secures storage facility, set to commence bunkering operations in Barcelona in 2013.
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